Credit crunch and economic downturn - these terms have been bandied about so often lately that they've become commonplace in our vernacular. We've been warned of their impact and cautioned to brace ourselves in their wake. But how exactly do...
Research conducted that assesses which organizations will withstand the impact of the recession conclude that it is not necessarily those that are boasting the largest budgets or the most effective fundraising efforts in 2008. Organizations that are most likely to...
Now that you understand what the GST is and how it affects charities, it's important to take a look at how a charity can go about getting back the GST that they paid out during the year. This podcast discusses...
With so much beyond our understanding when it comes to the external economic situation, it can be reassuring to deepen our understanding of the internal financial situation of our own organizations. Equipped with insights regarding how a nonprofit is faring...
Many charities, and in particular foundations, that have established endowment funds are currently concerned about the impact caused by the recent downturn of the economy with regards to their reduced ability to meet their disbursement quota requirements under the Income...
Can we have members without charging for membership? Our low membership fees are waived for over half of our members, and the total revenue from fees is not worth the cost and effort of collecting the money. Must people pay...
You are accountable. In the wake of a global economic meltdown attributed to financial greed and irresponsibility, regulators worldwide are focusing on accountability as the means to cleaning up the mess, and preventing it from recurring. Board members of all...
After last month's podcast you should be armed with a good understanding of just what the GST is. This month, we discuss the unique effect that the GST has on charities, the importance for the organization and its directors to...
It's hard to ignore screaming headlines today about the sorry state of the US housing market. Talk shows are dominated by stories about hapless homeowners who unwittingly gorged themselves on mortgages they really couldn't afford. As Warren Buffet says, "It's...
The world certainly feels topsy-turvy right now. Each day seems to bring new challenges to the economy...and new financial challenges for nonprofits. Your donations may be diminishing. Government funding may be declining. Membership may be falling. Sales may be receding....
